The journal entry to issue $600 of direct materials and $30 of indirect materials to production involves debit(s) to the ________.
a. manufacturing overhead account for $630
b. work-in-process inventory account for $600 and manufacturing overhead account for $30
c. work-in-process inventory account for $600 and finished goods inventory account for $30
d. work-in-process inventory account for $630

Question

22-09-2018
Business

contestada

The journal entry to issue $600 of direct materials and $30 of indirect materials to production involves debit(s) to the ________.
a. manufacturing overhead account for $630
b. work-in-process inventory account for $600 and manufacturing overhead account for $30
c. work-in-process inventory account for $600 and finished goods inventory account for $30
d. work-in-process inventory account for $630

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MrsTriplet MrsTriplet · Answer 1 · 2018-10-03T03:43:36+02:00

The journal entry to issue $600 of direct materials and $30 of indirect materials to production involves debit(s) to the B. work-in-process inventory account for $600 and manufacturing overhead account for $30.

Work-in-process inventory refers to a company's goods that are waiting to be finished and completed. While these goods wait to be finished, they are waiting their overall value they are given as well. Manufacturing overhead refers to the items that are used for manufacturing. Everyting that has to take place and be paid for manufacturing to take place.